Yes, you can transfer your deputy bank accounts to the new bank accounts opened on the Monika platform.

If you are a professional deputy and wish to use the Monika banking platform. In that case, we have simplified transferring your deputyship accounts using our unique access to the Current Account Switch Service (CASS) In fact, we have engineered the ability to bulk transfer current accounts so as to make the process as hassle free as possible.

As with standard current account switches, all inbound payments made to the old deputy accounts will be automatically redirected to the new deputy accounts opened on the Monika platform. Similarly, any existing direct debits and standing orders set up on the old account will be automatically ported to the new account, with the old account closed and the entire balance transferred to the new account.

All this happens within seven working days and is completely free of charge.

To discuss arranging for a bulk transfer of deputyship bank accounts, just get in touch and our friendly banking team will be happy to discuss the process and your requirements.

Read an article about how Pay.UK and Money Carer have worked together to develop the Current Account Switch Service to promote financial inclusion for vulnerable clients.